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Vedanta Resources PLC pursuing alternate options for MOU


Friday, 9 May 2014 03:30am EDT 

Vedanta Resources PLC:Says in deference to sentiments of community, Vedanta confirms it is not seeking to source bauxite from Niyamgiri bauxite deposit for its alumina refinery operations, and will not do so until we have consent of local communities.Accordingly, in terms of Memorandum of Understanding (MOU) with Government of Odisha.Assures supply of 150 mln tonnes of bauxite for processing facility.Working with State Government and pursuing alternate options for our long term bauxite security. 

Company Quote

1105.0
-3.0 -0.27%
6:12am EDT